ÔN TẬP
ÔN TẬP
INTERNATIONAL ECONOMICS 1
BÀI TẬP LỢI THẾ SO SÁNH
Suppose the world has 2 countries only – Vietnam and Japan with the production ability as:
Unit/hour Fish Shrimp
VN 4 8
Thailand 2 6
a) Identify the comparative advantage of each nation and the goods which each nation should
specialized on
b) Identify the condition of the international exchange rate that both nations agree to participate
in international trade
c) Calculate the benefit of Vietnam when joining international trade if the international exchange
rate is 1F : 5/2S. Calculate the gains of Vietnam if exporting 300 units of goods of
comparative advantage
d) When does Vietnam’s gains from international trade reach the maximum?
BÀI TẬP LỢI THẾ SO SÁNH
Suppose the world has 2 countries only – Vietnam and Japan with the production ability as:
e) Suppose each nation has a total of 200 hours to produce. Draw the PPFs for the 2 nations
f) On the drawn diagram in e), identify the production points when countries are in autarky and
when countries trading freely with each other. Knowing that the international exchange rate is 1F :
5/2S
g) On the drawn diagram in f), identify the benefit domain of Vietnam when joining international
trade
h) If Vietnam and Thailand has identical PPFs, will Vietnam and Thailand trade with each other?
Give explanation for your answer
BÀI TẬP THUẾ QUAN – HẠN NGẠCH 1
The supply and demand equations of country A for product X are as follows:
Sx = 6X
Dx = 40 – 2X.
Calculate the quantity of X that country A produces and imports when free trade occurs,
knowing the price on the world market Pw = 2
a) Calculate the consumer effect, the producer effect, the revenue effect and the trade
effect of the 100% tariff rate on imported X of country A
b) Calculate the impact of this action on (1) the producers, (2) the consumers, (3) the
government revenue and (4) the social welfare of country A
c) What is the tariff rate which has the effect of banning imports into country A?
BÀI TẬP THUẾ QUAN – HẠN NGẠCH 2
The supply and demand equations of country A for product X are as follows:
Sx = 20 + 5X
Dx = 200 – 5X.
Calculate the quantity of X that country A produces and imports when free trade occurs,
knowing the price on the world market Pw = 5
b) In your opinion, in order to restrict the quantity of importation, should the State prioritize
Import tariffs or Import quotas?
BÀI TẬP LỢI THẾ SO SÁNH BÀI TẬP THUẾ QUAN – HẠN NGẠCH (1)
Key: Key:
a. Vietnam (Fish), Thailand (Shrimp) a. Consumption effect = 4X; Production effect = 12X;